EV Charging Cables Market Scenario
Growing adoption of electric vehicles coupled with growing demand for fast charging cables are some of the major factors propelling the EV charging cables market globally. Furthermore, government support for development of charging stations is also one of the factor propelling the growth of EV charging cables market. However, high cost of DC charging cables is one of the major factor expected to hamper the global growth of the market.
EV Charging Cables Market Segmentation
The EV charging cables Market is segmented by Charging Level, Shape, Cable Length, Power Supply Type, Application and Geography. The Charging Level studied in the EV charging cables Market are Level 1 (120 V), Level 2 (240 V) and Level 3 (300-600v). Furthermore, the Shape segment comprises of Straight Cable and Coiled Cables. Likewise, the Cable Length includes 2 Meters to 5 Meters, 6 Meters to 10 Meters and Above 10 Meters. In addition, the power supply type studied in the report are Alternate Charging (<=22kW) and Direct Charging (>=22kW). Additionally, major applications of EV charging cables are Private Charging and Public Charging. Based on Geography, the EV charging cables Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
EV Charging Cables Market by Geography
Based on geography, the EV charging cables market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, the North America is anticipated to dominate the global EV charging cables market. Various projects initiated by the government to increase the number of public charging stations are expected to drive the market for EV charging cables in the region.
EV Charging Cables Market Key Players
Some of the major players operating in the global EV charging cables market includes Leoni AG, Aptiv Plc., BESEN International Group, Dyden Corporation, TE Connectivity, Brugg Group, Sinbon Electronics, Coroplast, Phoenix Contact, EV Teison, Systems Wire and Cable and General Cable Technologies Corporation. These players focus on inorganic strategies such as acquisitions, partnerships, agreements, and collaborations as well as organic strategies such as expansions and product launches & approvals to sustain their positions in the market.
EV Charging Cables Market Report Key Benefits